Inflation is expected to average 0.7% in 2020 and to stay stable in 2021 before reaching 1.3% in 2020, according to Bank Al-Maghrib (BAM-central bank).
This evolution is linked in particular to the expected improvement in domestic demand,” Bank Al-Maghrib pointed out Tuesday following the last quarterly meeting of its Board for 2020.
The Board also noted in a statement that after its weakening in the second quarter, inflation accelerated sharply from August onwards, driven mainly by the increase in volatile food prices.
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